Magic Labs and Polygon Labs have announced a partnership to launch Newton, which aims to address the problem of liquidity fragmentation across Ethereum-compatible networks. Newton is a ‘chain unification network’ that features a single wallet and balance, allowing users to manage digital assets across different blockchains with ‘simplified’ cross-chain swaps.
The new network is designed to break down blockchain silos and consolidate liquidity, which has become increasingly fragmented due to the growing development of layer-2 and rollup solutions in the Ethereum world. The project is integrated with Polygon’s AggLayer, which aggregates zero-knowledge proofs across connected chains to enable near-instant cross-chain transactions.
